Touchstone Flexible Income Fund Market Value
| TFSLX Fund | USD 10.21 0.01 0.1% |
| Symbol | Touchstone |
Touchstone Flexible 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Touchstone Flexible's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Touchstone Flexible.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Touchstone Flexible on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Touchstone Flexible Income or generate 0.0% return on investment in Touchstone Flexible over 30 days. Touchstone Flexible is related to or competes with Spectrum Growth, T Rowe, T Rowe, and T Rowe. Under normal circumstances, the fund invests at least 80 percent of its assets in income-producing securities such as in... More
Touchstone Flexible Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Touchstone Flexible's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Touchstone Flexible Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2824 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 0.9823 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.2967 |
Touchstone Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Touchstone Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Touchstone Flexible's standard deviation. In reality, there are many statistical measures that can use Touchstone Flexible historical prices to predict the future Touchstone Flexible's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Touchstone Flexible's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Touchstone Flexible Backtested Returns
We consider Touchstone Flexible very steady. Touchstone Flexible owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0722, which indicates the fund had a 0.0722% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Touchstone Flexible Income, which you can use to evaluate the volatility of the fund. Please validate Touchstone Flexible's Semi Deviation of 0.2428, risk adjusted performance of (0.02), and Coefficient Of Variation of 85261.59 to confirm if the risk estimate we provide is consistent with the expected return of 0.0161%. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Touchstone Flexible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Touchstone Flexible is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Touchstone Flexible Income has good reverse predictability. Overlapping area represents the amount of predictability between Touchstone Flexible time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Touchstone Flexible price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Touchstone Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Touchstone Flexible lagged returns against current returns
Autocorrelation, which is Touchstone Flexible mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Touchstone Flexible's mutual fund expected returns. We can calculate the autocorrelation of Touchstone Flexible returns to help us make a trade decision. For example, suppose you find that Touchstone Flexible has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Touchstone Flexible regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Touchstone Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Touchstone Flexible mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Touchstone Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Touchstone Flexible Lagged Returns
When evaluating Touchstone Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Touchstone Flexible mutual fund have on its future price. Touchstone Flexible autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Touchstone Flexible autocorrelation shows the relationship between Touchstone Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Touchstone Flexible Income.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Touchstone Flexible in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Touchstone Flexible's short interest history, or implied volatility extrapolated from Touchstone Flexible options trading.
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Check out Touchstone Flexible Correlation, Touchstone Flexible Volatility and Touchstone Flexible Alpha and Beta module to complement your research on Touchstone Flexible. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Touchstone Flexible technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.